Can I open a UK bank account as a non-resident?
Yes, non-residents can open a bank account in the UK. Usually this process this process can be a bit more complicated than for residents. As research shows, banks have different requirements and procedures for non-residents, some offer more loyal conditions, and some offer the opposite. However, if you familiarize yourself with the procedure in advance and prepare well, then opening an account as a non-resident will take a minimum of your time and effort.
To open a bank account for a non-resident, do the following:
- Select a bank. To choose a loyal bank, we recommend paying attention to banks that have international branches or are known for their international services. For example, HSBC, Barclays, Lloyds, Monzo, Revolut.
- Prepare a list of documents: passport or national identity card, proof of address (there may be difficulties here, so it is worth discussing the bank's requirements individually). In addition, some banks may require proof of income or a certificate of employment
- Apply online or in the branch. There may be a special application form on the bank's official website. To go to the bank's official website, click on the "More" button opposite the bank on this page.
- Use a correspondent bank. Many UK banks work with foreign banks. Therefore, if your local bank has a relationship with a UK bank, this will help and simplify the process of opening an account for you.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 30,000 | 4.40% | 1,320 |
| 30,000 | 4.45% | 1,335 |
| 30,000 | 4.50% | 1,350 |
| 80,000 | 4.90% | 3,920 |
| 80,000 | 4.95% | 3,960 |
| 80,000 | 5.00% | 4,000 |
| 190,000 | 5.40% | 10,260 |
| 190,000 | 5.45% | 10,355 |
| 190,000 | 5.50% | 10,450 |
| 340,000 | 5.90% | 20,060 |
| 340,000 | 5.95% | 20,230 |
| 340,000 | 6.00% | 20,400 |
See the similar FAQ about the UK banks:
- How do I open a business account in Metro Bank online?
- How many times may a failed HSBC secure key be entered before it is locked
- How much does bankers draft cost in HSBC?
- How to open a bank account in Lloyds?
- How to open a business bank account with Lloyds?
- Lloyds business banking app
Details of companies offering the financial services:
Barclays Bank
Head office’s address: 1 Churchill Place, London E14 5HP
Contact center: 0800-400-100
Phone: +44 (034) 5734 53 45
Web-site: http://www.barclays.co.uk/
Swift code: BARCGB33
Reference number: 122702
Stock code: BARC
ABN: 01026167
BSB: BARC
HSBC Bank
Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH
Phone: +44 345 740 4404
Web-site: https://www.hsbc.co.uk/
Swift code: HBUKGB4B
Reference number: 114216
Stock code: HSBA
ABN: 00014259
BSB: HBUK
Lloyds Bank
Head office’s address: 25 Gresham Street, London EC2V 7HN
Contact center: 0345-300-0000
Web-site: https://www.lloydsbank.com/
Swift code: LBGTGB22
Reference number: 119278
Stock code: LLOY
ABN: 00002065
BSB: LBGT
NatWest Bank
Head office’s address: 250 Bishopsgate, London, EC2M 4AA
Contact center: 0800-88-11-77
Phone: +44 345 788 8444
Web-site: https://www.natwest.com/
Swift code: NWBKGB2
Reference number: 121878
Stock code: GBP1
ABN: 00929027
BSB: NWBK